HEXO - Top Marijuana Stocks To Invest In 2023
2023-05-24 13:36:02 ET
The Best Canadian Marijuana Stocks To Watch 2023
Marijuana stock investors are always looking for the best investment opportunity in the stock market. With the level of volatility, some days are easier to the best marijuana stocks to buy . Yet with how unpredictable the sector can be there needs to be a game plan in action. Before you begin adding pot stocks to your portfolio you should always build a watch list.
Once you have created a list of the companies you feel are worth investing in now it’s time for some homework. You want to research the companies and make sure that out of the market, they are profitable and the business is on the right path. Even without being as profitable as other companies certain ventures may need more time before investors can see the end result of progress. Now after you have done your due diligence you also want to watch how some of the cannabis stocks perform.
Just becuase business is looking strong for a company does not mean it will reflect in trading. That is why the more time and preparation you take the better your odds of making the right investment. Also when creating your trading plan it’s best to develop one that can adapt to sudden changes in the market. Especially with sectors like cannabis where stocks can go up or down without warning. The companies below are a few cannabis stocks to watch for better momentum heading into a new month.
Marijuana Stocks To Watch 2023
- Aurora Cannabis Inc. ( NASDAQ:ACB )
- HEXO Corp. ( NASDAQ:HEXO )
Aurora Cannabis Inc.
Aurora Cannabis Inc. together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The company produces, distributes, and sells medical and consumer cannabis products in Canada.
In recent news, the company announced the expansion of its portfolio in Germany with the launch of two new cannabis flower products for patients. Pedanios 27/1 FRG CA and Pedanios 29/1 SRD CA are dried cannabis flowers with high tetrahydrocannabinol (THC) content. With these new therapeutic options now available, the Company will better meet the individual medical needs of its patients.
Words From The Company
“The addition of these two high-THC products to our German portfolio gives physicians even more options to provide patients individually tailored treatments,” says Dr. Axel Gille, President of Aurora Europe. “We are committed to bringing high quality, consistent, and innovative cannabis products to our patients in Germany and throughout Europe.”
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HEXO Corp.
HEXO Corp. together with its subsidiaries, produces, markets, and sells cannabis in Canada. The company offers its adult-use and medical products under the HEXO brand name. Recently the company filed a circular for a special meeting of shareholders. This was done to gain the approval of its arrangement with Tilray Brands, Inc. So from this meeting Tilray will acquire all of the issued and outstanding common shares of the Company.
Shareholders will receive 0.4352 of a share of Tilray common stock for each whole Company Share held. The Circular includes full details of the recommendations of the Board and the Special Committee and the Arrangement. This includes the various factors considered by the Board and the Special Committee in making their respective recommendations.
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The Circular also includes the formal valuation and fairness opinion of the independent valuator selected by the Special Committee, Haywood Securities Inc.